at the bid/ask and see 7400 shares at the Ask at .53 when the bid was .491. So I put in an order to buy 8000 shares at .54 because I wanted to make sure I got those 7400 shares.
The order filled instantly at .5153. Low volume stocks are weird.....but I'm happy.
I EMMS the stock is a a buy here, albeit a speculative buy. I bought some, but would be surprised if it doesn't move lower.
The cc was pretty fabulous if you ask me. I've added about all of today's tiny volume to my share pile today and will continue to do so. Even if they do a 1 for 4, I am fine with that as it will make them more viable in the eyes of their customers, help them get/close deals, and open the stock up to some funds and institutions that otherwise could not play. It also helps retailers with commission costs at some brokerages.
I don't think I've heard many ccs that were more upbeat.
I have been in several reverse split situations.
Some work, some don't. The ones that work are those associated with improving prospects. Shares get bought and it's all up and up. Then, the cases that do not work seem to be just a scam so that shortsellers can continue to short from a higher price.
The verdict is out here. Smulyan believes things will and are getting better according to sales figures from April and May, all markets including NY except for LA. He was also fairly honest in his assessment of revenue for nextradio not being meaningful until 2017 so there is reason to believe he is being honest and not exaggerating. In fact, concrete figures of improvements were mentioned at the CC.
Note that no funds, institutional buyers, or even hedge funds will touch the stock at this price and there may be no market for it as it looks for the dwindling volume.
So perhaps it is a good thing.
happy, I guess you always hope for a decent company to be able to creep its way back to the buck level before having to do the reverse.
Why would a possible reverse stock split sound bad when you already know their share price is under 60 cents. Normally some market value is lost when a reverse split happens but in the long run staying on an exchange is probably best for shareholders.
management wants it to fall so he can make an offer to buy private again at the lowest possible price, hes no dummy when it comes to his own money. Different story for shareholder value altogether.
Tired of being on the wrong side of the trade? So was I until I joined PennyStock101 The alerts are quality, not junk and they are straight forward and cut out the hype.
It looks like emms stopped paying their fees for anyone to make a market in the stock. Or simply nobody wants to because management used volume to unload against the stock operator. Bad faith. Management will still sell to pay for taxes. Soon, some will be out of stock. No problemo, sr. Let's issue more #$%$ options.
This was by far my largest, biggest mistake.
At 11:45 a.m. Central time on 28 April we've traded exactly 25 shares. Market has been open 3.25 hours and we've traded exactly 25 shares. Not a loved ticker or one attracting any attention at all. ROIAK, on the other hand, has been on a pretty robust uptrend the last month. Two radio stocks, two very different stories. I wonder why.
With almost 2 months after launch and reports of sales 20% higher than last year's flagship phone, if emms cannot show a larger number for nextradio downloads its lights out.
Sad there hasn't been any inside buying.
No. You are right. This has become such a #$%$ investment that he wouldn't even want to pay 60 cents for the shares.
Yahoo truncated my original post for some reason. Here is what I intended to write. Sorry for deleting your reply, Uptab.
Exactly 6 years ago, in April 2010, Emmis CEO, then and now, Jeff Smulyan tried to take EMMS private for $2.40 a share. Now, all these years later, here we are with a share price under 60 cents. How come Mr. Smulyan isn't champing at the bit to do another deal? A quick glance at insider transactions indicates that Smulyan hasn't bought any open-market shares in years. And if he's no longer hot-to-trot to own the company at at share price under 60 cents why should I be? Would love to hear comments from the bulls here.
Exactly 6 years ago, in April 2010, Emmis CEO, then and now, Jeff Smulyan tried to take EMMS private for $2.40 a share. Now, all these years later, here we are with a share price under 60 cents. How come Mr. Smulyan isn't champing at the bit to do another deal? A quick glance at insider transactions indicates that Smulyan hasn't bought any open-market shares in years. And if he's no longer hot-to-trot to own the company under 60 cents why should I be? Would love to hear comments from the bulls here.
If he tried to take it private at $2.40 today he would succeed!
There was no NEXTradio 6 years ago.
I wasn't a shareholder 6 years ago.
non-recourse means the lender gets what he gets from the sale of the collateral supporting the loan and cannot go after any other assets.